Menacorp opens new ADX offices

Dubai, January 20, 2014

UAE-based investment bank Menacorp has opened its new offices at the Trading Floor of the Abu Dhabi Securities Exchange (ADX) at Al Gaith Tower.

The new offices’ Customer Service and Trading Desk will expand the bank’s execution capabilities within the UAE equity markets while supporting the ambitious growth plans of ADX, said a statement.

It will complement activities at Menacorp’s local headquarters in Khalifa Street. The brokerage also has a branch in Dubai Financial Market.

Hamad Ghanem Bin Hamoodah, chairman, said: “The financial services industry shall play a major role in the diversification of UAE’s economy. By having offices directly located on the ADX trading floor we can significantly enhance the services rendered to investors and reinforce the renewed trust they have on the UAE markets.” - TradeArabia News Service